Bitcoin press hits, notable sources

[Vladimir]

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

  You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

  Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

 The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.

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[Vladimir]

http://www.theage.com.au/technology/technology-news/secret-money-abc-virtual-currency-racket-probe-20110623-1ggp6.html

News artical by the second largest paper in Australia.

Lol, looks like one of those "how do I run 10 000 miners stealthily" poster got busted, surprise, surprise.

[elewton]

Especially since no sane person takes the Australian media seriously.  Read a few articles on anything remotely controversial, and most will be goose-stepping it up to the party line.

[ben-abuya]

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

  You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

  Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

 The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.

+1

The press is getting addicted to the bitcoin drama, there's no turning back. The story has it all: money, drugs, technology, hackers, politicians. It keeps getting better and better.

[Jessy Kang]

You do not get it man. There is no such thing as bad publicity.

Facebook Users DROP In U.S.: Millions Left The Social Network In May 2011

Some light reading:
The NPV of Bad News.

"Bitcoin" search volume on Google has been flat for two weeks- so people are not reading these articles and then rushing over to get some.

[RaTTuS]

http://www.guardian.co.uk/technology/2011/jun/22/bitcoins-how-do-they-work
more in the Guardian now

[FreeMoney]

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

  You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

  Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

 The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.

+1

The press is getting addicted to the bitcoin drama, there's no turning back. The story has it all: money, drugs, technology, hackers, politicians. It keeps getting better and better.

Needs some sex. I give it 4 days.

[shady financier]

http://www.guardian.co.uk/technology/2011/jun/22/bitcoins-how-do-they-work
more in the Guardian now

It's really annoying how they make out the value crashed to pennies and now nobody knows if a bitcoin is worth anything.  And they always show that plunging chart, but not what happened afterwards on other exchanges. The objective is to give the impression that the value crashed and that's it, we all wait on baited breath for the offices of Bitcoin ltd to reopen and announce whether the magical tokens will be honored by the company or not as the auditors move in and the Managing Directors are hauled before the courts.

[marcus_of_augustus]

Reporters all just hoping to buy bitcoins on the cheap after their trash stories, been sitting on sidelines since April watching it skyrocket .... once they've bought in they'll be hyping it up like little squealing fat pigs ....

[FreeMoney]

http://technolog.msnbc.msn.com/_news/2011/06/22/6917264-bitcoin-virtual-money-gets-hacked-and-heisted

The attack on the Mt. Gox Bitcoin Exchanged involved an attempt convert 400,000 Bitcoin credits to $9 million "real money" (the exchange value at the time). That suspiciously large transaction caused Mt. Gox to take itself offline to investigate, and the resulting panic caused Bitcoin's real money value dramatically.

Now I have been drinking, but I don't think that's the reason I can't parse that last clause.

[relative]

Needs some sex. I give it 4 days.

it's only a matter of time until there is a bitcoin prostitution story all over cable news.

[Vladimir]

Reporters all just hoping to buy bitcoins on the cheap after their trash stories, been sitting on sidelines since April watching it skyrocket .... once they've bought in they'll be hyping it up like little squealing fat pigs ....

yep, the bastards are just talking up their books, as usual... 

[FreeMoney]

Needs some sex. I give it 4 days.

it's only a matter of time until there is a bitcoin prostitution story all over cable news.

First they ignore us then they have sex with us then we win.

[Grouver (BtcBalance)]

The Mt.gox event was just on the dutch radio.
Some times I think Mt.gox did this intentionally to get tons of publicity.

There getting what they want if this is true.
damn..

[FreeMoney]

The Mt.gox event was just on the dutch radio.
Some times I think Mt.gox did this intentionally to get tons of publicity.

There getting what they want if this is true.
damn..

Lol, I highly highly doubt it, but it does coincide with their new software rollout...

[Current-C]

http://lewrockwell.com/casey/casey89.1.html

Not an entirely negative piece but he tips his hand here:

So, way before the dollar value of Bitcoins stepped off a cliff last weekend, I was telling people who asked me that I didn’t use them and didn’t plan to use them.

Frankly, I can’t see why anyone would, when there’s already an electronic digital currency like Bitcoin but backed with gold: GoldMoney. I should disclose that I’m a small investor in the company. But I have to say that I really do like GoldMoney. It does everything Bitcoin does – or did – but is backed by something of real value: gold. That means it’s not just an abstraction, but an actual store of wealth. The ultimate proof of that is that you can take delivery of your gold if you want to. With Bitcoin, there’s nothing to take delivery of. I don’t understand why anyone would use Bitcoin when they can use GoldMoney, which does all the same things but has real backing.

Um . . . nothing against goldmoney but I can think of plenty of reasons to used Bitcoin instead, namely fees and decentralization.  Old school goldbugs seem to be really hung up on Bitcoin needing a physical "backing".  Like the Schiff interview though this article will reach lots of smart people who will see through the BS and find the value here.

[proudhon]

http://lewrockwell.com/casey/casey89.1.html

Not an entirely negative piece but he tips his hand here:

So, way before the dollar value of Bitcoins stepped off a cliff last weekend, I was telling people who asked me that I didn’t use them and didn’t plan to use them.

Frankly, I can’t see why anyone would, when there’s already an electronic digital currency like Bitcoin but backed with gold: GoldMoney. I should disclose that I’m a small investor in the company. But I have to say that I really do like GoldMoney. It does everything Bitcoin does – or did – but is backed by something of real value: gold. That means it’s not just an abstraction, but an actual store of wealth. The ultimate proof of that is that you can take delivery of your gold if you want to. With Bitcoin, there’s nothing to take delivery of. I don’t understand why anyone would use Bitcoin when they can use GoldMoney, which does all the same things but has real backing.

Um . . . nothing against goldmoney but I can think of plenty of reasons to used Bitcoin instead, namely fees and decentralization.  Old school goldbugs seem to be really hung up on Bitcoin needing a physical "backing".  Like the Schiff interview though this article will reach lots of smart people who will see through the BS and find the value here.

This is the most annoying criticism of all.  The world has changed and is changing.  We have reached or are approaching a time when digital things can replace physical things.  That's just the way it's going.  Stop fighting it.

[kiba]

This is the most annoying criticism of all.  The world has changed and is changing.  We have reached or are approaching a time when digital things can replace physical things.  That's just the way it's going.  Stop fighting it.

Remember wikipedia? The world finally accept wikipedia is here to stay after a decade. Now everyone is "meh". Someday, bitcoin is be "meh" too.

[zef]

Interview with Ben Milne, founder and CEO of Dwolla, on the topic of Bitcoins:
http://www.siliconprairienews.com/2011/06/bitcoin-what-is-it-and-how-is-dwolla-involved-in-its-marketplace

[MoonShadow]

This is the most annoying criticism of all.  The world has changed and is changing.  We have reached or are approaching a time when digital things can replace physical things.  That's just the way it's going.  Stop fighting it.

Remember wikipedia? The world finally accept wikipedia is here to stay after a decade. Now everyone is "meh". Someday, bitcoin is be "meh" too.

+1

I don't think that you young people can quite understand just how revolutionary Wikipedia was and still is.  I remember growing up in the Dark Ages, prior to the Great Internet Event (tm).  My father paid a small fortune for an incomplete encyclopedia, and I read all 23 volumes that we had in a single Summer.  Now days, an 11 year old can call 'bs' on an adult full of it in two minutes with a cell phone.  My grandfather would just make stuff up to screw with us kids.  We never could know if he was feeding us a line or not because his lies were so plausible to an eight year old.  I can't do that to a six year old without one running to the computer to check googlw or wikipedia.